Some policy-makers have begun to call for drastic reductions of public sector pensions as a way to ease state budget woes. A new report from the Center for Economic and Policy Research (CEPR) puts this issue into better perspective: The main reason public pension shortfalls exist at all is the downturn in the stock market following the housing crash in 2007-2009, not inadequate contributions.
Click here for report: “The Origins and Severity of the Public Pension Crisis”
